21500. The new ISO standard on Project Management.

Project management is now big business. According to the Anderson Economic Group study commissioned by the Project Management Institute, over 24.4 million employees were participating in projects in 11 major economies in 2006. By 2016, this demand will exist to support 32.6 million employees in the same countries.

ISO 21500 provides high-level description of concepts and processes that are considered to form good practice in project management. New project managers as well as experienced managers will be able to use the project management guidance in this standard to improve project success and achieve business results.

Miles Shepherd, Chair of the ISO project committee that developed the new standard, states: “ISO 21500 enables people in any organization to understand how the discipline fits into a business environment. It is also intended to be used as a basic guide, aimed at the informed reader without an in-depth knowledge of project management.”

Projects, programmes and project portfolios

Project Management concepts

ISO 21500 is the first in a planned family of project management standards. It is designed to align with related International Standards such as ISO 10006:2003, Quality management systems − Guidelines for quality management in projects, ISO 10007:2003, Quality management systems − Guidelines for configuration management, ISO 31000:2009, Risk management – Principles and guidelines, and some sector-specific standards in industries such as aerospace and IT.

Process groups and interactions

ISO 21500:2012 provides guidance for project management and can be used by any type of organization, including public, private or community organizations, and for any type of project, irrespective of complexity, size or duration (from ISO web site).

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